Orca Exploration Group (CVE:ORC.B) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Orca Exploration Group Inc (CVE:ORC.B)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.90 and traded as high as C$3.07. Orca Exploration Group shares last traded at C$3.07, with a volume of 2,403 shares changing hands.

Orca Exploration Group Trading Down 0.3 %

The company’s 50-day moving average price is C$2.90 and its 200-day moving average price is C$3.27. The company has a quick ratio of 1.80, a current ratio of 2.16 and a debt-to-equity ratio of 40.57. The firm has a market cap of C$55.32 million, a price-to-earnings ratio of 15.35 and a beta of 0.26.

About Orca Exploration Group

Orca Exploration Group Inc explores for, develops, produces, and sells petroleum and natural gas to the power and industrial sectors in Tanzania. The company principally holds interests in the Songo Songo natural gas field that includes two blocks covering an area of approximately 41,630 acres located to the south of Dar Es Salaam.